Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%
Price spread now: Arcus against SunX−0.165%7-day average −0.190% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$740.745% of the position
Funding, last 4 days (all we have)+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.165%, 7d avg −0.190%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.025% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.190%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX QQQ-USDT | 744.99 | 0 | get 0.0000% / 8h | 4h 22m | $2K | $1.9M | 10x |
| Short | Arcus QQQ-USD | 743.76 | 0.0040 | get 0.0005% / 1h | 22m 51s | $699K | $1.6M | 25x |
SunX QQQ-USDT
Arcus QQQ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $8.46
- Price spread: −0.165% → −0.190%
- $2.46
- Slippage, 4 orders
- −$61.98
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$63.56
- Costs to cover
- 0.745%
- Break-even
- 59.6 days
Slippage from SunX: live order book, 3 min ago; Arcus: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy SunX live order book, 3 min ago | 21.61 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Arcus live order book, 1 min ago | 0.94 bp | 5.8 bp −$6 | 11.0 bp −$110 | doesn't fit | doesn't fit |
QQQ on 28 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps QQQ-USD.P | −0.0163% | 1h | 743.37 | −0.217% | $4.2M | $1.8M | 20x | as long as short |
| GMX QQQ/USD [ETH-USDC] | L −0.0124% / S +0.0224% | 1h | 744.54 | −0.060% | $25K | — | 26x | as long as short |
| BloFin QQQ-USDT | −0.0005% | 8h | 744.39 | −0.081% | $1.1M | $272K | 20x | as long as short |
| Aster QQQUSDT | 0.0000% | 8h | 744.51 | −0.065% | $841K | $714K | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.52 | −0.063% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.36 | −0.085% | $21.5M | $26.9M | 50x | as long as short |
| RISEx QQQ/USDC | 0.0000% | 1h | 744.58 | −0.055% | $5.4M | $7.4M | 25x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.07 | −0.123% | $3.3M | $20.8M | 50x | as long as short |
| Bitget QQQUSDT | 0.0000% | 8h | 744.60 | −0.052% | $16.9M | $5.7M | 20x | as long as short |
| Variational Omni QQQ | 0.0000% | 8h | 744.19 | −0.108% | $17.1M | $7.5M | — | as long as short |
Ondo Perps QQQ-USD.P
GMX QQQ/USD [ETH-USDC]
BloFin QQQ-USDT
Aster QQQUSDT
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
RISEx QQQ/USDC
Gate QQQ_USDT
Bitget QQQUSDT
Variational Omni QQQShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX QQQ-USDTlong | 0.0000% | 8h | 744.99 | long leg | $2K | $1.9M | 10x | |
| Deribit QQQ_USDC-PERPETUAL | 0.0000% | 1h | 744.20 | −0.106% | $425K | $149K | 20x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.54 | −0.060% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.66 | −0.044% | $362K | $1.5M | 10x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0008% | 1h | 743.80 | −0.160% | $1.2M | $537K | 20x | as long as short |
| Lighter QQQ | +0.0032% | 1h | 744.48 | −0.068% | $7.7M | $16.4M | 30x | as long as short |
| Binance QQQUSDT | +0.0033% | 8h | 744.61 | −0.051% | $71.0M | $141.5M | 25x | as long as short |
| Arcus QQQ-USDshort | +0.0040% | 1h | 743.76 | −0.165% | $699K | $1.6M | 25x | |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.55 | +0.075% | — | $337K | 50x | as long as short |
| Lighter RH QQQ | +0.0048% | 1h | 744.94 | −0.007% | $36.9M | $79.4M | 50x | as long as short |
| Nado QQQ-PERP | +0.0096% | 1h | 744.19 | −0.107% | $1.5M | $877K | 20x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.24 | −0.101% | $3.4M | $366K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.02 | −0.130% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.23 | −0.102% | $12K | $21K | 20x | as long as short |
| GRVT QQQ_USDT_Perp | +0.0102% | 8h | 744.49 | −0.067% | $324K | $1.9M | 10x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.70 | −0.173% | $93K | $1K | 10x | as long as short |
| Phoenix QQQ | +0.0129% | 1h | 743.90 | −0.146% | $38K | $66K | 20x | as long as short |
| edgeX QQQUSDC | +0.0180% | 4h | 744.24 | −0.101% | $761K | $334K | 20x | as long as short |
Deribit QQQ_USDC-PERPETUAL
HTX QQQ-USDT
Phemex QQQUSDT
Coinbase International QQQ-PERP-INTX
Lighter QQQ
Binance QQQUSDT
Vest QQQ-USD-PERP
Lighter RH QQQ
Nado QQQ-PERP
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
GRVT QQQ_USDT_Perp
Aevo QQQ-PERP
Phoenix QQQ
edgeX QQQUSDC